Form 990 for tax year 2025
Filed by JET AWARD FOUNDATION & TRUST INC.
Totals
- Total revenue
- $671,347
- Total expenses
- $611,248
- Contributions and grants received
- $616,607
- Grants paid
- $365,942
- Program service revenue
- $0
- Investment income
- $40,312
- Other revenue
- $14,428
- Total assets, end of year
- $1,149,298
- Total liabilities, end of year
- $37,725
- Net assets or fund balances, end of year
- $1,111,573
- Program services expenses (Part IX)
- $365,942
- Management and general expenses
- $234,760
- Fundraising expenses
- $10,546
- Program service expenses (Part III)
- $365,942
Program services were 59.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$156,284
-
1e · Government grants (contributions)
$396,360
-
1f · All other contributions, gifts and grants
$63,963
-
3 · Investment income
total $40,312 · excluded $40,312
-
8a · Fundraising events: gross income
$236,760
-
8a · Fundraising events: contributions included on line 1c
$156,284
-
8b · Fundraising events: direct expenses
$222,332
-
8c · Net income from fundraising events
total $14,428 · excluded $14,428
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $365,942 · program services $365,942
-
7 · Other salaries and wages
total $135,158 · management and general $135,158
-
9 · Other employee benefits
total $12,800 · management and general $12,800
-
10 · Payroll taxes
total $10,340 · management and general $10,340
-
11c · Fees: accounting
total $28,801 · management and general $28,801
-
11e · Fees: professional fundraising services
total $10,546 · fundraising $10,546
-
11g · Fees: other
total $36,320 · management and general $36,320
-
12 · Advertising and promotion
total $407 · management and general $407
-
13 · Office expenses
total $287 · management and general $287
-
14 · Information technology
total $563 · management and general $563
-
16 · Occupancy
total $31 · management and general $31
-
19 · Conferences, conventions and meetings
total $1,735 · management and general $1,735
-
24a · Other expenses: SCHOLARSHIP RELATIONS
total $6,528 · management and general $6,528
-
24b · Other expenses: STORAGE
total $1,575 · management and general $1,575
-
24c · Other expenses: BANK SERVICE CHARGES
total $215 · management and general $215
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $126,791 · end of year $44,725
-
2 · Savings and temporary cash investments
beginning of year $1,150,492 · end of year $1,087,778
-
3 · Pledges and grants receivable
end of year $12,500
-
9 · Prepaid expenses and deferred charges
beginning of year $2,211 · end of year $4,295
-
17 · Accounts payable and accrued expenses
beginning of year $40,083 · end of year $22,603
-
19 · Deferred revenue
beginning of year $75,000 · end of year $15,000
-
25 · Other liabilities
beginning of year $3,709 · end of year $122
-
27 · Net assets without donor restrictions
beginning of year -$33,266 · end of year $26,835
-
28 · Net assets with donor restrictions
beginning of year $1,193,968 · end of year $1,084,738
Mission and programs · 2025
Mission
THE FOUNDATION'S PRIMARY MISSION IS TO HELP END GENERATIONAL POVERTY BY RAISING MONEY FOR THE JOHNNY RODGERS CAREER AND TECHNICAL SCHOLARSHIPS. PROVIDING SUPPORT TO STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS AT METROPOLITAN COMMUNITY COLLEGE (MCC) IN OMAHA. THE JET AWARD FOUNDATION AND TRUST ALSO ANNUALLY CELEBRATES THE ELITE KICK-OFF AND PUNT RETURNER IN COLLEGE FOOTBALL. DESPITE THE RECOGNITION GIVEN TO VARIOUS POSITIONS IN COLLEGE FOOTBALL THROUGH POSTSEASON AWARDS, THE RETURN SPECIALIST HAS BEEN OVERLOOKED UNTIL THE ESTABLISHMENT OF THE JET AWARD. THE FOUNDATION AIMS TO HONOR AND ACKNOWLEDGE THE BEST RETURN SPECIALIST IN COLLEGE FOOTBALL EACH YEAR.
-
THE JET AWARD FOUNDATION & TRUST'S PRIMARY MISSION AND ACCOMPLISHMENT IS TO SUPPORT STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS. ACADEMIC YEAR 7.1.25 - 6.30.26 RESULTED IN THE FOUNDATION PROVIDING SCHOLARSHIPS TO 135 STUDENTS AT METROPOLITAN COMMUNITY COLLEGE.
Expenses $365,942 · Grants $365,942
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael C SevereMICHAEL C SEVERE
EXECUTIVE DI
- Total calculated
- $147,958
- From this org
- $135,158
- From related orgs
- $0
- Other
- $12,800
- Hours/week
- 40
-
Johnny RodgersJOHNNY RODGERS
BOARD MEMBER
- Total calculated
- $26,000
- From this org
- $26,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Patrick Z AlstonPATRICK Z ALSTON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Mike AlvanoMIKE ALVANO
BOARD MEMBER
- Total calculated
- $0
-
Denny DrakeDENNY DRAKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
Margaret EvansMARGARET EVANS
BOARD MEMBER
- Total calculated
- $0
-
Joni FlynnJONI FLYNN
BOARD MEMBER
- Total calculated
- $0
-
William ReedWILLIAM REED
EX OFFICIO
- Total calculated
- $0
-
Jim SiemonsmaJIM SIEMONSMA
BOARD MEMBER
- Total calculated
- $0
-
Fredrick StehlikFREDRICK STEHLIK
BOARD MEMBER
- Total calculated
- $0
-
Lt Colonel Thomas TraylorLT COLONEL THOMAS TRAYLOR
BOARD MEMBER
- Total calculated
- $0
-
Rob TrebilcockROB TREBILCOCK
BOARD MEMBER
- Total calculated
- $0
-
Kurt WagnerKURT WAGNER
BOARD MEMBER
- Total calculated
- $0
-
Vince LeiseyVINCE LEISEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Ruth McCullyRUTH MCCULLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Dick ZachariaDICK ZACHARIA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
METROPOLITAN COMMUNITY COLLEGE
$365,942
SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 6 August 2026
- IRS schema version
- 2025v4.0
- Source object
- 202632189349300243
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